Kids Have Flown the Nest

You’re married and your children are happily living on their own, thriving either in New Zealand or living abroad. You no longer have to worry as much about debt because you have spent years building a lifestyle that you have grown to love. You want to make sure that the unexpected will not threaten all that you have built and would also like to leave a bit behind for your kids after you are gone. You may also be wondering how much cover you need at this stage in your life.

Age: 50+Household income:$200k+Children:older childrenMain financial responsibility: you own a house and are potentially getting close to paying off the mortgage. Your children have grown up and now you are focused on future together.Debt levels:lowDisposable income:highMain priorities:enjoying life as you grow older; peace of mind that you will be financially secure as you approach retirement and don’t have to worry about the future; leaving a legacy to your children. Level of price consciousness: you might now be wondering if you need the level of insurance you had when the kids were younger. Perhaps you could free up some of that cash?

“Now the kids have left home and are secure, I want to focus on the next stage of my life without having to worry about money.”

What personal insurance options would we recommend?

Personal Life Insurance

​Life insurance is the most important personal insurance option.​If you die or are diagnosed with a terminal illness that leaves you with less than 12 months to live, your family will receive a lump sum.

Trauma insurance (sometimes called Living Assurance or Critical Illness cover) pays out a one-time sum of money in the event of a life-altering sickness or stroke. This is designed to provide financial support duringa recovery period